03.04.2013 - Islamic bank framework on course
The Islamic banking framework is expected to become operational before the end of the year, the Bank of Zambia (BoZ) has said. BoZ governor, Michael Gondwe said the central bank has held several consultations since 2008 both internally and externally and has also subjected the Islamic banking framework to expert review by internationally-renowned Islamic banking experts. Dr Gondwe, however, noted that the rapid growth of Islamic finance raises a series of important questions, such as whether Islamic finance should be regulated differently from conventional finance...............................................Full Article: Source
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